Kraken, the second-largest cryptocurrency exchange in the United States, has launched its own wallet in order to catch up to its competitor, Coinbase, and enter the crowded market of virtual wallets, which already includes established players such as MetaMask, Ledger, and Trezor.
The new wallet, called “Kraken Wallet,” will be released on Wednesday and will be available for both Kraken users and non-users.
The wallet will initially support eight blockchains, including popular cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, as well as newer ones like Solana, Optimism, Base, Arbitrum, and Polygon.
Kraken has announced that their new wallet will be open-source, making it the first major exchange to do so.
